The Jakarta Composite index rose 0.1 percent to 3,986.41. The gauge advanced for a fourth straight week, gaining 4.3 percent this year.
Metal producers: PT Vale Indonesia (INCO) , the nation’s largest nickel producer, jumped 6.7 percent to 4,000 rupiah, the most since Oct. 28. PT Timah (TINS) , Indonesia’s biggest tin producer, rose 5 percent to 1,890 rupiah, the steepest gain since Oct. 12. Nickel futures advanced 3.2 percent to $21,600 a metric ton in London yesterday while tin added 6.9 percent to $24,005 a metric ton.
PT Buana Listya Tama (BULL) (BULL IJ), a freight-transportation services company, sank 7.8 percent to 83 rupiah, the lowest close since its May trading debut. The company’s parent, PT Berlian Laju Tanker, said a covenant breach has been declared under a loan facility granted to one of its subsidiaries and of which Berlian is the guarantor. Berlian has temporarily ceased repayment on all of its bank loans, bonds and payments on ship leases of its other subsidiaries, save for Buana Listya, to enable the group to review its financial position and arrangements, it said.
PT Dian Swastatika Sentosa (DSSA) , a power producer, rose 6.8 percent to 11,800 rupiah, the biggest gain since Jan. 13. United Fiber System Ltd. said it signed an agreement with Dian Swastatika to buy a 67 percent stake in coal mining company PT Golden Energy Mines (GEMS) (GEMS IJ), according to a statement to the Singapore stock exchange. The transaction is valued at S$1.5 billion, it said. Golden Energy added 1.9 percent to 2,650 rupiah.
PT XL Axiata (EXCL) , a unit of Malaysia’s Axiata Group Bhd., fell 3.5 percent to 4,775 rupiah, the sharpest drop since Dec. 2. The company said it posted a 2011 net income of 2.8 trillion rupiah ($312 million). That compares with a 2010 net income of 2.89 trillion rupiah, according to data compiled by Bloomberg.
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